This document discusses factors that contribute to successful project outcomes. It addresses common challenges like optimism bias that creates unrealistic expectations. While more data is collected, it is important to focus on the most relevant information. The basic principles of defining the project scope, establishing clear roles and responsibilities, setting up a governance structure, and having a plan for decision making and reporting apply across projects. Key factors for success include understanding the relationship with the parent organization, identifying the main driver or priority for the project, establishing the right set up and balance of accountability, and focusing reporting on critical issues.